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Australian IT security market pegged at $1.5 billion in 2013

Posted: 09 Jul 2013 ?? ?Print Version ?Bookmark and Share

Keywords:IT security? BYOD? cloud?

The Australian security technology and services market is forecast to reach more than $1.5 billion in 2013, up 12.2 per cent from $1.5 billion in 2012, according to the latest Gartner forecast.

According to Gartner research director Rob McMillan, spending on security has been relatively well protected in Australia over the previous two years, as the global financial crisis hasn't put the same downward pressure on security budgets as it has elsewhere. Some reforms that are now taking place, such as changes to the Australian Privacy Act, will add further impetus to the consumption of services.

Gartner sees a nexus of four disruptive forces shaping the security market: mobile security, cloud computing, big data and changes to the concept of identity. Added to this is the ever increasing sophistication of advanced targeted attacks.

The advantage of developing a cloud strategy right now, says McMillan, is that businesses can at least do some pre-planning and develop a relatively stable infrastructure approach that supports agility; however, this opportunity to plan ahead will evaporate quickly once organisations decide to utilise cloud without including the security team in the discussion. Smart organisations will realise in advance that there is going to be some security spend required with a planned uptake of cloud. Others will organically adopt cloud and then figure out that they need to spend something on security later on, possibly as a result of an adverse event, such as an audit finding or a security incident.

From a mobility perspective, there are so many organisations now that already have a bring-your own-device (BYOD) programme in place. With the move towards devices such as tablets, organisations are rethinking how they manage security. The potential consequences for even simple mishaps, such as the consequences of the new privacy changes, will bring home to decision makers just how easy it is to lose sensitive information when it is sitting on a tablet, especially if the device is either lost or disposed of without having the right security precautions in place. The personal nature of these devices will help make security more visible to decision makers, and therefore, easier in some ways for security practitioners to get those issues on the table.

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